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Income Tax Expense | 12 Months Ended
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Jun. 30, 2024
Income Tax Expense [Abstract] |
Income Tax Expense | Note 5. Income Tax Expense
|  | 30 June |  |  | 30 June |
|  | 2024 A$ |  |  | 2023 A$ |
Unused tax losses for which no deferred tax asset has been recognized |  |  | 59,447,397 |  |  |  | 52,625,541 |
Potential tax benefit @ 25% (2023: 25%) |  |  | 14,861,849 |  |  |  | 13,156,385 |
The above potential tax benefit for tax losses has not been recognized in the statement of financial position. These tax losses can only be utilized in the future if the continuity of ownership test is passed, or failing that, the same business test is passed. The taxation benefits of tax losses and temporary difference not brought to account will only be obtained if: (i) the entity derives future assessable income of a nature and of an amount sufficient to enable the benefit from the deductions for the losses to be realized; (ii) the entity continues to comply with the conditions for deductibility imposed by law; and (iii) no change in tax legislation adversely affects the entity in realizing the benefits from deducting the losses. The group operates in different tax jurisdictions and continues to meet its statutory requirements in these jurisdictions. The tax losses in each jurisdiction are subject to testing to make sure they meet all relevant statutory tests for them to be offset against future income. Numerical reconciliation of income tax expense to prima facie tax payable
|  | 30 June 2024 A$ |  |  | 30 June 2023 A$ |
Loss from continuing operations before income tax expense |  |  | (6,936,957 | ) |  |  | (3,786,507 | )
Tax at the Australian tax rate of 25% (2023: 25%) |  |  | (1,734,239 | ) |  |  | (946,627 | )
Tax effect of amounts which are not deductible (taxable) in calculating taxable income: |  |  |  |  |  |  |  |
R&D tax incentive |  |  | (191,245 | ) |  |  | (98,219 | )
Accounting expenditure subject to R&D tax incentive |  |  | 439,644 |  |  |  | 225,791 |
Share-based payments |  |  | 825 |  |  |  | 56,738 |
Net impact of other amounts not deductible (taxable) |  |  | (220,449 | ) |  |  | (453,038 | )
Subtotal |  |  | (1,705,464 | ) |  |  | (1,215,355 | )
Tax losses and other timing differences for which no deferred tax asset is recognized |  |  | 1,705,464 |  |  |  | 1,215,355 |
Income tax expense |  |  | - |  |  |  | - |

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- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2024-03-27 + Details
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